Shares of UDR, Inc. (NYSE:UDR) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $44.20.
A number of equities analysts have recently commented on UDR shares. BMO Capital Markets reissued a “hold” rating and issued a $49.00 target price on shares of UDR in a research note on Monday, March 25th. Goldman Sachs Group downgraded shares of UDR from a “neutral” rating to a “sell” rating and cut their target price for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Barclays reissued a “hold” rating and issued a $46.00 target price on shares of UDR in a research note on Tuesday, April 16th. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, TheStreet downgraded shares of UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th.
Shares of UDR traded up $0.28 during mid-day trading on Friday, reaching $43.99. The company had a trading volume of 21,315 shares, compared to its average volume of 1,410,466. The firm has a market cap of $12.50 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54. UDR has a fifty-two week low of $34.48 and a fifty-two week high of $45.92. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.23.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a dividend of $0.3425 per share. This is an increase from UDR’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, April 8th. This represents a $1.37 annualized dividend and a yield of 3.11%. UDR’s payout ratio is 69.90%.
In related news, VP Warren L. Troupe sold 50,000 shares of UDR stock in a transaction on Friday, February 15th. The shares were sold at an average price of $44.66, for a total transaction of $2,233,000.00. Following the sale, the vice president now owns 495,761 shares of the company’s stock, valued at approximately $22,140,686.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynne B. Sagalyn sold 4,289 shares of UDR stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $44.97, for a total transaction of $192,876.33. Following the sale, the director now directly owns 81,852 shares in the company, valued at approximately $3,680,884.44. The disclosure for this sale can be found here. Insiders have sold a total of 144,289 shares of company stock worth $6,471,476 in the last ninety days. 2.85% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in UDR. JPMorgan Chase & Co. increased its stake in UDR by 148.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 866,666 shares of the real estate investment trust’s stock worth $35,040,000 after buying an additional 518,161 shares during the period. LPL Financial LLC increased its stake in UDR by 14.1% during the 3rd quarter. LPL Financial LLC now owns 10,259 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 1,266 shares during the period. Man Group plc increased its stake in UDR by 196.4% during the 3rd quarter. Man Group plc now owns 25,623 shares of the real estate investment trust’s stock worth $1,036,000 after buying an additional 16,977 shares during the period. Mackenzie Financial Corp increased its stake in UDR by 21.0% during the 3rd quarter. Mackenzie Financial Corp now owns 7,560 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 1,310 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of UDR by 3.3% in the 3rd quarter. AQR Capital Management LLC now owns 61,701 shares of the real estate investment trust’s stock worth $2,495,000 after purchasing an additional 1,983 shares during the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
UDR Company Profile
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.
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